4 ms·
Riot Games is a subsidiary of Tencent.
by Q6T46nT668w6i3m 3y ago
Riot Games is a subsidiary of Tencent.
- mcmcmc 3y agoOkay, and does Tencent publish a P&L for Riot Games? Or are you assuming that if Tencent is profitable that means all of their subsidiaries are profitable? If you read the actual press release you’ll see Riot doubled headcount in the last few years. Highly doubtful their revenue growth kept up with their growing labor costs. Overhiring during the pandemic is a much more likely root cause for layoffs rather than management just trying to juice the profit margin in a market downturn.